Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $9.76, but opened at $9.56. Ramaco Resources shares last traded at $9.52, with a volume of 2,231 shares changing hands.
Ramaco Resources Trading Down 0.8 %
The company has a 50 day moving average of $10.24 and a 200 day moving average of $10.59.
Ramaco Resources Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.2364 dividend. This is a boost from Ramaco Resources's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.95 annualized dividend and a dividend yield of 9.77%.
Institutional Investors Weigh In On Ramaco Resources
Several hedge funds have recently made changes to their positions in the business. American Century Companies Inc. boosted its holdings in Ramaco Resources by 10.3% in the 2nd quarter. American Century Companies Inc. now owns 129,040 shares of the company's stock valued at $1,401,000 after purchasing an additional 11,997 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Ramaco Resources by 17.3% in the second quarter. Renaissance Technologies LLC now owns 65,900 shares of the company's stock valued at $716,000 after buying an additional 9,696 shares in the last quarter. Barclays PLC grew its holdings in Ramaco Resources by 321.3% during the third quarter. Barclays PLC now owns 7,184 shares of the company's stock worth $77,000 after acquiring an additional 5,479 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Ramaco Resources by 191.9% in the third quarter. JPMorgan Chase & Co. now owns 9,284 shares of the company's stock worth $100,000 after acquiring an additional 6,103 shares in the last quarter. Institutional investors and hedge funds own 9.63% of the company's stock.
Ramaco Resources Company Profile
(
Get Free Report)
Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.
See Also
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